If you’ve not switched energy supplier recently, you could be paying over the odds for your electricity – once your fixed rate deal ends, you’ll automatically be placed on your provider’s standard variable tariff, which also happens to carry its most expensive rate.
So to make sure you’re getting the best deal, it makes sense to compare energy prices online.
Every supplier charges different electricity rates - the same supplier will often charge different rates depending on what electricity tariff you are on – but the cheapest electricity prices can usually be found on tariffs where you pay by monthly Direct Debit and all bills are generated online.
The table below shows the cheapest electricity only tariffs currently available, but bear in mind the actual amount you pay for your electricity will vary depending on things like where you live and how you pay your bills.
|Supplier||Tariff||Average Annual Bill*|
|Top Shopper June 2018 Issue 1||£440||Compare|
|Simple and Glory||£440||Compare|
|Reliance Fixed Price May 2020 V1||£454||Compare|
|Together Fixed Jun 2018 v2||£456||Compare|
|OneSelect Secure Summer 1 Year Fixed 2018||£461||Compare|
|Secure Summer 18 Month Fixed 2018||£461||Compare|
|Reliance Fixed Price Jul 2020 v2||£465||Compare|
|Simple and SummerFix||£466||Compare|
|Solarplicity's Fair Market Price Variable||£473||Compare|
*Based on usage of 3100 kWh of electric per year . Shows average price across all regions. Assumes payment is made by Monthly Direct Debit. Only showing tariffs which are generally available across most of the UK.
To find accurate costs, and see which cheap electricity tariff best suits your needs, you need to compare the whole market. You can do this for free using our impartial comparison tool - just enter your postcode into the yellow box below to get started.
It should take no more than five minutes to compare the latest electricity prices with UK Power, and find a deal that best suits your needs and budget.
All the information you need to switch can be found on your latest bill, so make a note of the following:
If you’re struggling to make sense of your bill, this short video should help explain it all.
If you’re serious about cutting the cost of your energy bills, it makes things a lot easier if you can find your way around one - here's how to understand your energy bill. Make the switch with UKPower and start saving today.
If you don’t have a bill to hand, we can still run a complete comparison, but it may not be quite as accurate as we’ll have to estimate your usage based on the answers to a few questions about your property.
Once we have all the relevant details, our comparison tool will gather together the most suitable electricity offers and show you how much you could save by switching. All you then have to do is pick the one you want to switch to, and we’ll do the rest.
Once you’ve picked a deal from our electricity tariff comparison table, your work is basically done, and your new supplier will handle the rest of the switch by letting your existing one know you’re leaving and arranging a changeover date with them.
Your new supplier will get in touch with you via email or post to confirm your new tariff and payment details, you just need to check everything is in order and you’re good to go. If you change your mind, you have a 14-day cooling-off period in which you can cancel the deal without incurring a penalty.
Then all you need to do is give your old supplier a final meter reading on the day of the switch, so they can send you your final bill. The whole process should take no more than 17 days, including the 14-day cooling-off period, and there’ll be no digging or drilling at your property as the electricity will be supplied through the existing pipes.
On the day of the switch, you’ll need to take a meter reading for your old supplier so they can send you a final bill.
If you live in rented accommodation and pay your electricity supplier directly, you should be able to switch – just make sure you notify your landlord or letting agent, and find out if they’d prefer you to switch back to the original supplier when you move out.
If your electricity bills are included in your rental fees, or your landlord pays the bills and then charges you later, you won’t be able to switch supplier yourself, but may find your landlord will switch for you – they don’t have to, but it might still be worth asking.
Economy 7 meters offer a discounted rate on electricity during set ‘off-peak’ hours, but then charge a much higher rate for an electricity used outside of these times. An Economy 7 tariff is often a good option for shift workers who use a lot of electricity during at night, as the off peak hours are set across seven night-time hours.
For more information on Economy 7 deals, check out Will you save money with an Economy 7 electricity meter?